Venture Catalysts, an incubator and early-stage investment firm, has announced its strategic investment in Attron Automotive, a precision-engineered motor and controller solutions start-up. The company has raised Rs 4.75 crore in Attron's seed funding round, led by Anicut Capital and co-led by Venture Catalysts.
Attron's seed funding round was led by Anicut Capital, with Venture Catalysts, Pontaq, and Yashowardhan Shah (an angel investor)as co-investors.
The company will use the funds to fuel the company's mission of revolutionising electric mobility with cutting-edge technology and innovation.
Attron Automotive's product portfolio includes precision-engineered motors and advanced controllers that optimize performance across electric mobility, industrial automation, and aerospace applications. With patented topology and cutting-edge materials, Attron's motors deliver superior efficiency and reduced torque ripple, ensuring optimal performance in diverse environments, reads a company statement.
“The success of our recent fundraising efforts will play a pivotal role in propelling Attron Automotive forward. Instrumental in bringing our cutting-edge motor and controller solutions to market readiness, these funds will ensure that we deliver products of unparalleled quality and innovation,” said Mosam Ugemuge, CEO of Attron Automotive.
“We are now setting up a new production facility with a capacity of 8,000 units per month, enabling us to meet the rapidly growing demand for our motor and controller solutions, particularly in the two-wheeler and three-wheeler segments, spanning both passenger and load carrier categories,” he added.
